Dublin-based technology company Overcast HQ has announced a $1.2 million bridge round to help the world's biggest brands and broadcasters manage terabytes of video content with AI and a range of cloud solutions.
The round brings together a series of major investors, including Paddy Flynn, VP Maps for Google, Professor Anil Kokaram, Chair of Electronic Engineering at Trinity College Dublin and former leader of the Media Algorithms team at YouTube, David Shackleton, who sold Openback to X (formerly Twitter), as well as George Kilpatrick, Chief Revenue Officer of Overcast's corporate headquarters. The company is also currently working with PwC towards a Series A funding round to boost growth.
The company was founded by CEO Philippe Brodeur and works with brands such as Diageo, Royal Opera House, Vodafone and Yeti. The company recently announced the launch of powerful new generative AI capabilities that will allow customers to automate metadata tagging, find content with conversational search functionality, and speed to market.
The funds will be used to further grow the team and continue product development as the company expands its customer footprint around the world.
“We are grateful to our investors for this vote of confidence in the company,” said Brodeur. “We're seeing increasing demand from the world's largest brands and broadcasters for next-generation video asset management solutions that allow them to leverage the resources at their disposal to deliver output at a speed they've never had before. known.”
The platform's new generative AI capabilities were announced at this year's NAB Show in Las Vegas. The company is currently building toward a Series A financing round this summer to boost growth.
Brodeur continued: “Brands and broadcasters want ads and other video assets that are personalized for different regions, but it's often easier to reshoot than find what they need from the terabytes or petabytes of content they already have. We want to help them gain freedom and deliver customized content, quickly and at scale.”
